1) Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders.
Answer: TRUE
Explanation: Executives whose vision and decisions enable their organizations to achieve competitive advantage demonstrate strategic leadership.
Difficulty: 1 Easy
Topic: Strategic Approaches to Winning a Sustainable Competitive Advantage
Learning Objective: 02-01 Explain the role of strategic leaders and what they do.
Bloom’s: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
2) Strategic leaders spend the majority of their time working alone to devise new strategies.
Answer: FALSE
Explanation: Strategic leaders spend 67% of their time in face-to-face meetings. They consider face-to-face meetings most effective in getting their message across and obtaining the information they need.
Difficulty: 2 Medium
Topic: The Strategic Role of Managers in Strategy Formulation and Implementation
Learning Objective: 02-01 Explain the role of strategic leaders and what they do.
Bloom’s: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
3) An employee lacking some of the innate abilities to be a top-level manager can still become an effective strategic leader through hard work and experience.
Answer: …
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